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Mortgage Market Update
Hardeep Rai
Hardeep Rai
Tuesday, October 20, 2026
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Picking the right loan program matters |
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There's more to choosing a mortgage than finding the lowest rate. Today I want to show you why the type of loan you pick can matter just as much as the numbers.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Loan Programs
Not all mortgages are built the same
When you're shopping for a home or considering a refinance, the interest rate gets most of the attention. But the loan program itself—fixed-rate versus adjustable, conventional versus government-backed, 15-year versus 30-year—shapes your whole financial picture. Each program comes with different rules about down payments, credit requirements, and how your payment works over time. The right choice depends on your timeline, how long you plan to stay in the home, and what monthly payment makes sense for your budget. I'd be happy to walk you through how different programs might work for your situation. Let's talk about which loan program fits your goals best.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Hardeep Rai team any time and we'll walk you through your options. |
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